Perpetual Equity Investment Co (ASX:PIC) Accounts Receivable : A$0.68 Mil (As of Dec. 2023)

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What is Perpetual Equity Investment Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Perpetual Equity Investment Co's accounts receivables for the quarter that ended in Dec. 2023 was A$0.68 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Perpetual Equity Investment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.01.

Perpetual Equity Investment Co Accounts Receivable Historical Data

The historical data trend for Perpetual Equity Investment Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Perpetual Equity Investment Co Accounts Receivable Chart

Perpetual Equity Investment Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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0.52

0.13

0.56

0.98

1.02

Perpetual Equity Investment Co Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial												0.65	0.98	0.96	1.02	0.68

Perpetual Equity Investment Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Perpetual Equity Investment Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Perpetual Equity Investment Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.679	/	-3.173	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Perpetual Equity Investment Co's accounts receivable are only considered to be worth 75% of book value:

Perpetual Equity Investment Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(7.128	+	0.75 * 0.679	+	0.5 * 0	-	5.589
-	0	-	0)	/	379.548
=	0.01

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Perpetual Equity Investment Co Accounts Receivable Related Terms

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Perpetual Equity Investment Co (ASX:PIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Perpetual Equity Investment Co Ltd (ASX:PIC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 Pitt Street, Level 18, Sydney, NSW, AUS, 2000

Website

https://www.perpetualequity.com.au

Perpetual Equity Investment Co Ltd is an investment management company. It engages in the provision of investors access to a portfolio of predominantly Australian and global listed securities. The company's investment objective is to provide investors with a growing income stream and long-term capital growth in excess of its Benchmark over a minimum of 5 year investment periods. The company has one operating segment with only one key function, being the investment of funds predominantly in Australia together with opportunistic investments globally.